In its most recent financial statements, Newhouse Inc. reported $680,000 of net income and $2,900,000 of retained earnings. The previous retained earnings were $2,610,000. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. $290,000 $2,220,000 $0 $1,930,000 $680,000 $390,000 Computer World Inc. paid out $40 million in total common dividends and reported $4.000 million of retained earnings at year-end. The prior year's retained earnings were $3,200 million. What was the net income? Assume that all dividends declared were actually paid. O $3,240 million $800 million $7,240 million $840 million $7,200 million $4,040 million